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Fintech Start-up Cloudcase Provides Lending Solution for New Zealand’s TSB Bank

TSB Bank in New Zealand is rolling out a new lending solution from Australia-based fintech start-up Cloudcase. The bank states the new system “substantially reduces the time to process a loan from application to contract with multiple business efficiencies and customer benefits”.  The project started in January last year and has been a collaborative effort of TSB Bank’s technology teams ... Read More »

Equifax Canada Empowers Businesses to Arrive at better Credit Decisions Faster, with Risk Reveal

Equifax Canada® announced the launch of Risk Reveal, the only solution in the Canadian market which leverages both commercial and consumer intelligence for a robust and predictive view of a company, as well as its owners. Combining the depth of two credit databases in one solution, Risk Reveal brings together credit scores, credit data, legal actions, and collections data for ... Read More »

Korean Credit Bureau Net Profits Up 31%

The combined net profit of six credit bureau firms in South Korea jumped 31 percent on-year in 2016, as they expanded their business portfolio into new sectors, the nation’s financial regulator said Tuesday. The combined net income of the six credit bureau firms, which collects and evaluates credit data between consumers and financial firms, stood at 57.2 billion won ($51.3 ... Read More »

Creditreform Compliance Services Establishes New Data Protection Hub

New data protection hub of Creditreform Compliance Services GmbH online! Many companies are currently faced with the challenge of examining which new legislation is relevant in the EU Basic Data Protection Regulation. The fines have risen drastically and ensure that data protection is at the top of the list of priorities.  For this purpose Creditreform Compliance Services GmbH has developed a ... Read More »

Dun & Bradstreet India Appoints Manish Sinha as MD

Dun & Bradstreet India — a global leader in commercial data and insights on businesses — on Tuesday announced the appointment of Manish Sinha as its Managing Director, effective May 8. “Based in Mumbai, Manish will oversee Dun & Bradstreet’s go-to-market strategy, business operations, and the delivery of business value and benefits to our customers in the region,” the company ... Read More »

UK Credit Climate: Manufacturing closures decreased in 2016!

The UK manufacturing sector saw 1,676 company closures in 2016, compared to 1,793 in 2015. The sector’s insolvency count has consistently declined over the previous 4 years, indicating a recovery from the bad reputation that lingered around it during the recession. As company closures rose 24% as a whole across the UK, it is very positive that manufacturing companies are ... Read More »

Equifax Cloud-Based InterConnect® Platform Transforms Credit and Risk Decisioning, Receives Robust Review from Industry Expert

Equifax Inc. announced its redesigned platform, InterConnect®, was reviewed by leading decision management consulting firm, Decision Management Solutions. Created to revolutionize the industry standard for accuracy and speed-to-market, InterConnect empowers frontline business users through a modular insights environment that defines, automates and deploys decision strategies with more speed and agility than ever before. “Building on Equifax data and insights as the foundation, the ... Read More »

Financial Inclusion: Cibil TransUnion to Assist Borrowers Get the Best Loan

India’s first credit information company, TransUnion Cibil, with the launch of Cibil Marketplace will assist the borrowers to get the most appropriate loans available, on the basis of the borrower’s credit scores and history, in a bid to stay ahead in competition with other online retail loan aggregators. At present, Cibil offers retail loans like personal loans, credit cards, loan ... Read More »

Keep the Date: BIIA 2017 Biennial Conference Bangkok, Thailand October 18 to 20, 2017

BIIA Biennial Conference 2017

BIIA invites its members from the business and credit information industry, users of information services, government policy makers and regulators to attend the BIIA 2017 Biennial Conference, where we intend to discuss disruptive technologies  impacting our industry and the businesses of our customers. Venue: The Okura Prestige Hotel, Bangkok Thailands October 18, 2017: 16:00 hrs:  Registration opens 17:00  hrs: Membership ... Read More »

USA Credit Climate: Boom Or Bust – What is The Future of the US Retail Industry?

Retail Sector Analysis by Creditsafe Reveals Surprising Strength Despite Recent Setbacks Creditsafe USA released the findings of an in-depth analysis of the US retail sector for Q1 2017.  Despite recent Chapter 11 filings by such notable retailers as Sports Authority and American Apparel and store closings by other retail heavy-weights such as Sears and JCPenny, the US retail sector as whole ... Read More »

Russian Risk Climate:  State Financial Support and Improving Information Transparency will Facilitate SME Access to Favorable Funding

«Program 6.5%». The Russian Corporation for the Development of Small and Medium Sized Businesses launched, in 2015, a funding program in association with 31 banks.  The program entails the provision of funding in the range of US$ 175,000 to US$ 17,500,000 at an interest rate of 10.6% for small businesses and 9.6% for medium businesses.  This compares favorably with current ... Read More »

Cortera Launches TraitsTM for Business Analytics

Bringing the Power of Analytics to Companies of All Sizes and Analytical Skills Cortera, Inc. is pleased to announce the introduction of TraitsTM, a software tool that automatically creates statistical models in real-time to describe the patterns found in a group of companies, dramatically reducing typical modeling time and complexity. Traits users simply upload a file of companies that share ... Read More »

Equifax Canada Reports: Millennials Top Target for Fraudsters

Education and better protection needed Equifax Canada (NYSE:EFX) – Millennials are the leading target for fraudsters according to new data from Equifax Canada, which flagged this age group for 49 per cent of all suspected fraud applications in its fraud management database last year. Millennials (aged 18-34) are followed by Generation X (aged 35-50) at 30 per cent and Baby Boomers (aged ... Read More »

Gartner to join S&P 500 – Replaces Dun & Bradstreet which Drops to S&P MidCap 400

IT research firm Gartner (NYSE:IT) will join the S&P 500, replacing Dun & Bradstreet (NYSE:DNB), who drops to the S&P MidCap 400. S&P MidCap 400 constituent Gartner Inc. (NYSE:IT) will replace The Dun & Bradstreet Corp. (NYSE:DNB) in the S&P 500, Dun & Bradstreet will replace Gartner in the S&P MidCap 400, and INC Research Holdings Inc. (NASD:INCR) will replace CEB Inc. (NYSE:CEB) ... Read More »

Cristal Credit International Opens Office in the Dominican Republic

Cristal Credit International is proud to announce the opening of its 14th office in the Dominican Republic. This is a major step to strengthen its position in the Caribbean that will allow an expansion of capacities and presence.  Congratulations from BIIA   Background: Dominican Republic Strengthened macroeconomic environment:  The Dominican Republic is the tenth largest economy in Latin America and the ... Read More »